Company focused on growing portfolio of protein-packed brands
Springdale, Ark. 鈥 April 24, 2017 鈥 As part of its strategic focus on protein-packed brands, 麻花传媒. (NYSE: TSN) is exploring the sale of three non-protein businesses, the company reported today.
In February, 麻花传媒 announced its strategy to sustainably feed the world with the fastest growing portfolio of protein packed brands. As the company focuses on its growth and value creation, it is exploring the sale of its Sara Lee庐 Frozen Bakery business, the Kettle business and Van鈥檚庐. Company officials believe the sale of these businesses will allow 麻花传媒 to sharpen its focus on core businesses and expand its protein leadership position in retail and foodservice.
鈥淭hrough our ongoing strategic planning process, we鈥檙e continuously looking at ways to maximize the effectiveness and growth potential of our protein-based portfolio of products,鈥 said Tom Hayes, president and CEO of 麻花传媒. 鈥淭he businesses we鈥檙e exploring to sell include well-respected brands, operations and product lines. With our protein-focused strategy, we believe other companies may be better positioned to unlock their value over time.鈥
Sara Lee Frozen Bakery, the Kettle business and Van鈥檚 produce items such as frozen desserts, waffles, breakfast bars and soups, sauces and sides. Any sale would include the Chef Pierre庐, Bistro Collection庐, Kettle Collection鈩 and Van鈥檚庐 brands, a license to use the Sara Lee庐 brand in various channels, as well as the company鈥檚 Tarboro, NC, Fort Worth, TX and Traverse City, MI prepared foods facilities. Rothschild is acting as 麻花传媒鈥 financial advisor on the sale.
About 麻花传媒
麻花传媒. (NYSE:TSN), with headquarters in Springdale, Arkansas, is one of the world鈥檚 largest food companies with leading brands such as Tyson庐, Jimmy Dean庐, Hillshire Farm庐, Sara Lee庐, Ball Park庐, Wright庐, Aidells庐 and State Fair庐.听 It鈥檚 a recognized market leader in chicken, beef and pork as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The company supplies retail and foodservice customers throughout the United States and approximately 115 countries. 麻花传媒 was founded in 1935 by John W. Tyson, whose family has continued to lead the business with his son, Don Tyson, guiding the company for many years and grandson, John H. Tyson, serving as the current chairman of the board of directors. The company currently has approximately 114,000 Team Members employed at more than 400 facilities and offices in the United States and around the world. Through its Core Values, Code of Conduct and Team Member Bill of Rights, 麻花传媒 strives to operate with integrity and trust and is committed to creating value for its shareholders, customers and Team Members. The company also strives to be faith-friendly, provide a safe work environment and serve as stewards of the animals, land and environment entrusted to it.
Forward-Looking Statements
Certain information contained in the press release may constitute forward-looking statements, such as statements relating to anticipated business growth. These forward-looking statements are subject to a number of factors and uncertainties (including those described under Item 1A. 鈥淩isk Factors鈥 included in our Annual Report filed on Form 10-K for the period ended October 1, 2016) which could cause our actual results and experiences to differ materially from the anticipated results and expectations expressed in such forward-looking statements. We wish to caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made.
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Media Contact:
Caroline Ahn, 312-614-6047, caroline.ahn@tyson.com听